- The document provides financial statements for the year ended 31 December 2021 for De Agostini S.p.A. and its subsidiaries.
- It summarizes the group's activities organized into four sectors: publishing, media & communication, gaming & services, and finance.
- Significant events in 2021 included the sale of subsidiaries De Agostini Scuola and a 50% stake in DeA Planeta Libri, generating over €150 million in proceeds.
The document provides an overview of De Agostini S.p.A.'s financial statements for the year ended 31 December 2020. It summarizes the Group's structure and activities, which are organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector is led by a sub-holding company and engages in various activities such as publishing books and magazines, producing and distributing media content, operating lotteries and gaming, and providing alternative asset management.
The document provides an overview of De Agostini S.p.A.'s group structure as of 31 December 2019. The group is organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector is overseen by a sub-holding company and includes various operating companies. The Publishing sector includes partworks, books, digital media, and direct marketing activities. The Media & Communication sector holds interests in television and content companies. The Gaming & Services sector operates through IGT Plc and includes lottery and gaming activities in North America and internationally. The Finance sector focuses on alternative asset management through DeA Capital S.p.A.
The document summarizes the organizational structure of De Agostini S.p.A., an Italian holding company. It is organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector contains various operating subsidiaries and is overseen by a sub-holding company that coordinates and manages the sector. The document provides a brief description of the activities and companies within each of De Agostini's business sectors.
- The document provides financial statements for the year ended 31 December 2021 for De Agostini S.p.A. and its subsidiaries.
- It summarizes the group's activities organized into four sectors: publishing, media & communication, gaming & services, and finance.
- Significant events in 2021 included the sale of subsidiaries De Agostini Scuola and a 50% stake in DeA Planeta Libri, generating over €150 million in proceeds.
The document provides an overview of De Agostini S.p.A.'s financial statements for the year ended 31 December 2020. It summarizes the Group's structure and activities, which are organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector is led by a sub-holding company and engages in various activities such as publishing books and magazines, producing and distributing media content, operating lotteries and gaming, and providing alternative asset management.
The document provides an overview of De Agostini S.p.A.'s group structure as of 31 December 2019. The group is organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector is overseen by a sub-holding company and includes various operating companies. The Publishing sector includes partworks, books, digital media, and direct marketing activities. The Media & Communication sector holds interests in television and content companies. The Gaming & Services sector operates through IGT Plc and includes lottery and gaming activities in North America and internationally. The Finance sector focuses on alternative asset management through DeA Capital S.p.A.
The document summarizes the organizational structure of De Agostini S.p.A., an Italian holding company. It is organized into four business sectors: Publishing, Media & Communication, Gaming & Services, and Finance. Each sector contains various operating subsidiaries and is overseen by a sub-holding company that coordinates and manages the sector. The document provides a brief description of the activities and companies within each of De Agostini's business sectors.
(1) The document is DeA Capital S.p.A.'s half-year report for the period ending 30 June 2018.
(2) It provides an overview of the company's profile and business lines, including private equity investments and alternative asset management, as well as key financial information.
(3) DeA Capital reported consolidated shareholders' equity of EUR 473.4 million at 30 June 2018, with a net asset value per share of EUR 1.87. The investment portfolio totaled EUR 387.1 million, including private equity investments and funds.
De Agostini S.p.A. owns a group of companies organized into four sectors: Publishing, Media & Communication, Gaming & Services, and Finance. The Publishing sector includes partworks, direct marketing, books, and digital activities. The Media & Communication sector includes interests in Banijay Group and Grupo Planeta-De Agostini. The Gaming & Services sector includes IGT Plc which operates in North America Gaming & Interactive, North America Lottery, International, and Italy. Each sector is overseen by a sub-holding company.
This document is the annual report of DeA Capital S.p.A. for the year ended December 31, 2017. It includes the notice of the shareholders' meeting, with the agenda items to be voted on. It provides an overview of the company's financial results for 2017, including key financial figures for both the holding company and its consolidated subsidiaries. It also discusses significant events during the year, proposals to approve the financial statements and distribute reserves, and other required reporting such as board and auditor information. In addition, it includes the full financial statements for both the consolidated group and the standalone holding company.
The document is a half-year report for DeA Capital S.p.A. for the period ending June 30, 2017. It provides key financial information including:
- The Group's net asset value increased to EUR 515.4 million, corresponding to a net asset value per share of EUR 2.00.
- The investment portfolio totalled EUR 453.4 million, including private equity investments of EUR 291.6 million and alternative asset management assets of EUR 161.8 million.
- The Group reported a net profit of EUR 6.2 million and comprehensive income of EUR 21.9 million for the first half of 2017.
De Agostini S.p.A. owns a group of companies organized into publishing, media & communication, gaming & services, and finance businesses. In 2016, the group sold some publishing businesses and finalized agreements to merge Zodiak Media and Banijay into a new Banijay Group. The group was also awarded a new nine-year concession for the Italian Lotto game through its IGT subsidiary.
The annual report summarizes DeA Capital S.p.A.'s financial results for 2016. Key highlights include:
- Managed assets increased 19% to €11.3 billion, strengthening DeA Capital's leadership position in Italy's alternative asset management sector.
- The company continued investment activities, investing over €20 million in funds managed by its private equity and real estate platforms and committing around €45 million to funds launched by these platforms.
- Net asset value per share rose to €2.03, up from 2015.
- The company launched several initiatives in the non-performing loan sector with good business prospects.
- The combination of private investment and asset management activities through
This interim management report provides an overview of DeA Capital S.p.A.'s performance for the first nine months of 2016. Key highlights include:
- Group NAV increased to EUR 530.8 million with a NAV per share of EUR 2.03.
- The investment portfolio totalled EUR 447.4 million, consisting of private equity investments, funds, and assets related to alternative asset management.
- Group net profit for the first nine months was EUR 9.8 million.
- Investor relations activities continued, including attendance at investor conferences and meetings.
- DeA Capital S.p.A. is an Italian alternative investment operator with €440 million in investments and €9.7 billion in assets under management.
- In the first half of 2016, DeA Capital reported consolidated shareholders' equity of €520 million and a net asset value per share of €1.98.
- The company's share price fell 17.6% in the first half of 2016, while the FTSE All-Share index fell 23.5% and the LPX50 fell 6.7%.
B&D Holding controls B&D Finance and De Agostini S.p.A., which in turn controls a group of operating companies organized into businesses of publishing, media & communication, and gaming & services. Each business is headed by a sub-holding company and includes various operating companies. The group structure includes controlling stakes in companies such as IGT PLC, Zodiak Media, and joint ventures such as Grupo Planeta-De Agostini.
(1) The document is DeA Capital S.p.A.'s half-year report for the period ending 30 June 2018.
(2) It provides an overview of the company's profile and business lines, including private equity investments and alternative asset management, as well as key financial information.
(3) DeA Capital reported consolidated shareholders' equity of EUR 473.4 million at 30 June 2018, with a net asset value per share of EUR 1.87. The investment portfolio totaled EUR 387.1 million, including private equity investments and funds.
De Agostini S.p.A. owns a group of companies organized into four sectors: Publishing, Media & Communication, Gaming & Services, and Finance. The Publishing sector includes partworks, direct marketing, books, and digital activities. The Media & Communication sector includes interests in Banijay Group and Grupo Planeta-De Agostini. The Gaming & Services sector includes IGT Plc which operates in North America Gaming & Interactive, North America Lottery, International, and Italy. Each sector is overseen by a sub-holding company.
This document is the annual report of DeA Capital S.p.A. for the year ended December 31, 2017. It includes the notice of the shareholders' meeting, with the agenda items to be voted on. It provides an overview of the company's financial results for 2017, including key financial figures for both the holding company and its consolidated subsidiaries. It also discusses significant events during the year, proposals to approve the financial statements and distribute reserves, and other required reporting such as board and auditor information. In addition, it includes the full financial statements for both the consolidated group and the standalone holding company.
The document is a half-year report for DeA Capital S.p.A. for the period ending June 30, 2017. It provides key financial information including:
- The Group's net asset value increased to EUR 515.4 million, corresponding to a net asset value per share of EUR 2.00.
- The investment portfolio totalled EUR 453.4 million, including private equity investments of EUR 291.6 million and alternative asset management assets of EUR 161.8 million.
- The Group reported a net profit of EUR 6.2 million and comprehensive income of EUR 21.9 million for the first half of 2017.
De Agostini S.p.A. owns a group of companies organized into publishing, media & communication, gaming & services, and finance businesses. In 2016, the group sold some publishing businesses and finalized agreements to merge Zodiak Media and Banijay into a new Banijay Group. The group was also awarded a new nine-year concession for the Italian Lotto game through its IGT subsidiary.
The annual report summarizes DeA Capital S.p.A.'s financial results for 2016. Key highlights include:
- Managed assets increased 19% to €11.3 billion, strengthening DeA Capital's leadership position in Italy's alternative asset management sector.
- The company continued investment activities, investing over €20 million in funds managed by its private equity and real estate platforms and committing around €45 million to funds launched by these platforms.
- Net asset value per share rose to €2.03, up from 2015.
- The company launched several initiatives in the non-performing loan sector with good business prospects.
- The combination of private investment and asset management activities through
This interim management report provides an overview of DeA Capital S.p.A.'s performance for the first nine months of 2016. Key highlights include:
- Group NAV increased to EUR 530.8 million with a NAV per share of EUR 2.03.
- The investment portfolio totalled EUR 447.4 million, consisting of private equity investments, funds, and assets related to alternative asset management.
- Group net profit for the first nine months was EUR 9.8 million.
- Investor relations activities continued, including attendance at investor conferences and meetings.
- DeA Capital S.p.A. is an Italian alternative investment operator with €440 million in investments and €9.7 billion in assets under management.
- In the first half of 2016, DeA Capital reported consolidated shareholders' equity of €520 million and a net asset value per share of €1.98.
- The company's share price fell 17.6% in the first half of 2016, while the FTSE All-Share index fell 23.5% and the LPX50 fell 6.7%.
B&D Holding controls B&D Finance and De Agostini S.p.A., which in turn controls a group of operating companies organized into businesses of publishing, media & communication, and gaming & services. Each business is headed by a sub-holding company and includes various operating companies. The group structure includes controlling stakes in companies such as IGT PLC, Zodiak Media, and joint ventures such as Grupo Planeta-De Agostini.
ZKsync airdrop of 3.6 billion ZK tokens is scheduled by ZKsync for next week.pdfSOFTTECHHUB
The world of blockchain and decentralized technologies is about to witness a groundbreaking event. ZKsync, the pioneering Ethereum Layer 2 network, has announced the highly anticipated airdrop of its native token, ZK. This move marks a significant milestone in the protocol's journey, empowering the community to take the reins and shape the future of this revolutionary ecosystem.
Methanex is the world's largest producer and supplier of methanol. We create value through our leadership in the global production, marketing and delivery of methanol to customers. View our latest Investor Presentation for more details.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
2. 1
DeA Capital is the #1 Alternative Asset Manager of private equity and real estate funds in Italy,
with over € 11.5 Bln of AUM and NAV of € 515 Mln
Data as of 30.06.2017
DeA Capital at a glance
Over 190 professionals
Wide range of products in the most promising
asset classes: Real Estate, Private Equity and NPL
Capability to structure and launch innovative
products
Deep knowledge of the Italian market and its
main players
Independent platform and state of the art
compliance and risk management
Large international investors’ network
Experienced management team and reputable
long term shareholders
Strong balance sheet
Listed company on the Milan Stock Exchange
Key Aspects
Real EstateReal Estate
Credit ServicesCredit Services
Private EquityPrivate Equity
Real Estate ServicesReal Estate Services
AAM Platform
290
Mln
NAV
Funds Managed byFunds Managed by DirectDirect
Investments
0.3
Bln
AUM
9.4
Bln
AUM
1.9
Bln
AUM
3. 2
De Agostini is a family-owned private group
founded in 1901 and active worldwide with over
€ 5.0 Bln in revenues
During the last two decades, the De Agostini Group
has gradually diversified its activities from the
traditional publishing sector to other sectors and
significantly expanded its operations in markets
outside of Italy
Today, the De Agostini Group, led by the holding
De Agostini S.p.A., operates in four sectors
through four sub-holdings:
De Agostini Editore – coordination and
strategic management of all the Group's
activities in the publishing sector, active in 30
countries with publications in 13 languages
De Agostini Communications – active in the
media and communication sector, focused in
production, broadcasting, and distribution of
content for television, new media, and cinema
IGT – leader in the gaming and services market,
listed on the New York Stock Exchange
DeA Capital – De Agostini Group's vehicle for
alternative investments, listed on the Milan
Stock Exchange
Banijay Group
(30.9%)
Atresmedia
(20.9%)
JV Grupo
Planeta-DeA
(50%)
(~1.7%)
De Agostini
Publishing
De Agostini
Scuola
Digital De
Agostini
Lottery North
America
Gaming North
America
IDeA Capital
Funds sgr (100%)
IDeA FIMIT sgr
(64.3%)
Innovation RE
(45.0%)
Italy
(Lottomatica)
(100%) (100%) (51.1%)
Publishing
Grupo Planeta-DeA
DeA Planeta Libri
SPC (80.0%)
PUBLISHING
COMMUNICATION &
MEDIA
GAMING &
SERVICES
FINANCE
(58.3%)
De Agostini Group
DE AGOSTINI GROUP
International
4. 3
Key Financials
Alternative
Asset
Management
Alternative
Asset
Management
Direct /
Indirect
Investments
Direct /
Indirect
Investments
CorporateCorporate
Total AUM of over € 11.5 Bln (of which 9.4 in Real Estate,
1.9 in Private Equity)
Management Fees RE-PE of ~ € 60 Mln (~ 55 bps on AUM)
EBITDA RE-PE of ~ 20 Mln (33% on Management fees)
Book value of AAM Platform of ~ € 160 Mln
Aggregate investments of > € 290 Mln, including:
Migros € 67 Mln (TVPI at 1.55x)
Funds of Funds € 117 Mln (TVPI at 1.40x)
Other Funds € 79 Mln
Net Cash Position at holding level of ~ € 60 Mln
Data as of 30.06.2017 for AUM, Book value, investments and net cash position; data as of 31.12.2016 for fees and EBITDA
5. 4
Italy’s #1 fund manager in Real Estate
High quality fund portfolio, focused on large Italian cities (65% in
Milan and Rome) and on offices/bank branches (~65% of total) –
70% of space is rented
A diversified investor base: over 90 institutional investors, 70,000
retail investors – Pension funds and institutions account for more
than 80% of invested capital
Pension
Funds
Banks/Insurance
Companies
Foreign
Investors
THE COMPANY
TROPHY ASSETS
MAIN INVESTORS
KPI
# Funds
41
IDeA FIMIT
AUM (€; Bln)
9.4
Net fees (€; Mln)
40
Data as of 30.06.2017 for AUM and funds; data as of 31.12.2016 for fees
6. 5
IDeA FIMIT AUM & Fees evolution
AUMAUM
Net Fees &
Net Income
Net Fees &
Net Income
Key
Development
Drivers
Key
Development
Drivers
First “rebound” of the AUM starting end of 2016/beginning of 2017 thanks to a strong
pipeline
Business development focused on:
Existing funds expansion
New core & value added initiatives
Product range expansion (e.g. NPL Fund)
Profitability improvement through funds portfolio rationalization and balanced mix
between traditional funds and innovative products
€ Mln
0.48%0.48%0.59%0.59% 0.56%0.56%
53.6
47.4
40.1
9.5
6.7 5.4
2014 2015 2016
Net Fees
Net Income
Average AUM profitability
8,983
7,884
8,672
9,353
2014 2015 2016 2017 H1
7. 6
IDeA Capital Funds is the leading Italian private equity asset manager
which manages single-manager, multi-manager investment programs
and, starting from 2016, a non performing corporate credit fund
With € 1.9 Bln of AUM, over 30 professionals work daily to deserve
investors’ trust both by maintaining timely relationships with 50
international General Partners invested in over 700 companies, and by
supporting management and entrepreneurs of 24 directly-participated
companies, which employ more than 30,000 people and generate
revenues for over € 4 Bln
More than 250 Limited Partners including both sophisticated
institutional investors and successful entrepreneurs repeatedly granted
IDeA CF their trust
A detailed reporting system, as well as direct access to the investment
teams, allow LPs to constantly track their investments
THE COMPANY
MAIN INVESTMENTS
MANAGED FUNDS
€ Mln Description Vintage Commitment
IDeA FoF I
Italian closed-end funds of PE
funds with a global focus
2007 681
ICF II 2009 281
IDeA Global
Growth
2013 55
ICF III 2014 67
Total Multi Manager 1,084
€ Mln Description Vintage Commitment
IDeA
Opportunity
Fund I
Italian closed-end fund invested
in minority stakes of Italian
companies across different
industries
2008 217
IDeA EESS
Italian closed-end fund
dedicated to energy efficiency
and sustainable growth
2011 100
IDeA Taste
of Italy
Italian closed-end fund
dedicated to the Italian food
and beverage industry
2014 218
Investitori
Associati IV
Italian closed-end fund
originally promoted by
Investitori Associati SGR and
managed by IDeA CF starting
from 2015
2004 55(1)
Total Single Manager 590
€ Mln Description Vintage Commitment
CCR
Italian closed-end fund
investing in NPL of mid Italian
companies and in DIP (Debtor-
in-possession) proceedings
2016 264
Total AUM 1,938
Multi
Manager
SingleManager
Credit
Fund
KPI
Net fees (€; Mln)
19
AUM (€; Bln)
1.9
# Funds
9
(1) Residual NAV after disposals
Data as of 30.06.2017 for AUM and funds; data as of 31.12.2016 for fees
IDeA Capital Funds
8. 7
AUMAUM
Key
Development
Drivers
Key
Development
Drivers
Shift of AUM mix from funds of funds to thematic funds and credit funds
Develop the B2B segment by launch of managed accounts / “white label funds” for the
banks distribution networks and insurance companies
DeA Capital seed funding set in the 10% region for the new funds
Net Fees &
Net Income
Net Fees &
Net Income
1.05%1.05% 1.02%1.02% 1.07%1.07%
IDeA Capital Funds AUM & Fees evolution
€ Mln
1.08%1.08%
6.8
14.4
16.9
19.1
3.1 3.7 4.2 3.8
2007 2014 2015 2016
12%
CAGR
Net Fees
Net Income
Average AUM profitability
Funds of Funds
Single Manager
2007 2014 2015 2016 2017 H1
1.477
1.643
1.937
27%
73%
35%
65%
44%
56%
646
1.938
44%
56%
12%
CAGR
9. 8
DeA Capital
NAV(1)
NAV
(€ Mln)
NAV
per share
Stock
Price(2)
NAV ex dividend 515 2.00 1.26
Cash 60 0.24 0.24
NAV net of Cash 455 1.76 1.02
Of which:
AAM
Platforms
162 0.63
Funds of
Funds
117 0.45
Other Funds
managed by
AAM platform
79 0.31
Kenan /
Migros
67 0.26
Other Assets 30 0.11
Growth of the AAM business
Focus on consolidation of domestic leadership
Launch of innovative products
Focus on developing foreign investor base
Possible international growth via partnerships
/ acquisitions
Business model optimization (coordination of
the investor coverage functions)
Remodeling of the Private Equity
Investment business
Exit from existing Private Equity investments
Sponsor new initiatives of the AAM platform
Evaluate new direct Private Equity deals with a
co-investor/club-deal approach (average size
€ 25/30 Mln per ticket)
Expected significant cash returns to
Shareholders through dividends/buyback
DeA Capital strategy
(1) Data as of 30.06.2017
(2) Data as of 08.09.2017
42%
Discount
to Assets
42%
Discount
to Assets
10. This presentation contains statements that constitute forward-looking statements regarding the intent, belief or
current expectations of the DeA Capital (“the Company”) with respect to the financial results and other aspects of
the Company's activities and strategies
Such forward looking statements are not guarantees of future performance and involve risks and uncertainties,
and actual results may differ materially from those in the forward looking statements as a result of various factors
Analysts and investors are cautioned not to place undue reliance on those forward looking statements, which
speak only as of the date of this presentation – DeA Capital Spa undertakes no obligation to release publicly the
results of any revisions to these forward looking statements which may be made to reflect events and
circumstances after the date of this presentation, including, without limitation, changes in the Company’s
business or investment strategy or to reflect the occurrence of unanticipated events
Analysts and investors are encouraged to consult the Company's Annual Report and periodic filings for accounting
information, as well as press releases and all documentation made publicly available on the website
www.deacapital.it
The Manager responsible for the preparation of company accounting statements, Manolo Santilli, declares in
accordance with paragraph 2 of article 154 of the Consolidated Finance Act that any accounting information on
DeA Capital included in this document corresponds to registered company accounts, books and records
Disclaimer
9